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Property profile & analytics
OFF-MARKET Estimated value $595,000
Investment properties

2306 Leigh St Richmond, VA 23223-7230

3,308 SF 0.08 ac lot Built 1920
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US87-1240067
Property summary
AI-generated overview

This exceptional 3,308 square foot property, located in the heart of Church Hill, presents a unique investment opportunity. Currently configured as a former salon, the 1,578 square foot ground floor space is available for immediate occupancy. All existing salon equipment and supplies are included, making this a truly turnkey operation for a prospective salon owner. However, the flexible layout and prime location also make it perfectly suited for a variety of other uses, including retail, restaurant, or coffee shop concepts. The building's strategic position directly across from Union Market provides unparalleled visibility and access to a high volume of foot traffic. This vibrant neighborhood boasts a thriving community, with popular neighboring establishments such as Pizza Bones, Sub Rosa Bakery, and Roosevelt. The property's single-tenant occupancy ensures ease of management and potential for strong rental income. This is a rare chance to acquire a well-situated, versatile commercial space in one of Richmond's most desirable neighborhoods. The property offers significant potential for a variety of businesses seeking a high-traffic location with existing infrastructure. Don't miss this opportunity to establish your business in the heart of Church Hill.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Construction TYPE NOT SPECIFIED
Total area 3,308 SF
Lot 0.08 ac (3,433 SF)
Zoning code UB-PE1-PE6 PARKING EXEMPT
APN E-000-0293-013
UPID US87-1240067
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Seven Hills Studio Hair Salon
  • Eleos Pilates Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$580k
CAP Approach CAP
$635k
Comparable Approach Comparable
$414k
Blend (final) Blend
$595k
Owner & transaction history
Tbk Properties LLC · 2 yrs held
Tbk Properties LLC
since 2023
Last sale
$700,000
2 recorded transactions
2023
$70,000
2019
$350,000
Zoning & alternative use
UB-PE1-PE6 PARKING EXEMPT · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $605,000 +52.1%
Medical building $550,000 +39.1%
Neighborhood: shopping center $545,000 +37.2%
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